901 N Pacific Coast, Redondo Beach CA, 90277

Active

901 N Pacific Coast

Redondo Beach CA, 90277

$12,000,000

$494.72 per sqft

Active

24,256 sqft

Commercial

Built in 1987

Listed by Michael Talbot with RE/MAX Estate Properties 310-378-9494

Rare opportunity to own a trophy asset at the Gateway to the beach cities located on the signalized corner of Pacific Coast Hwy. and Herondo (Anita - 190th) with a traffic count of 90k daily with 130 feet of frontage along PCH and 704 feet along Herondo. The three freshly painted 2 story contemporary professional commercial buildings of approx. 24,256 sq. ft. are divided into 8 suites spread out on a 50,188 sq. ft. lot. A strong seasoned tenant base is supporting a 3.6% cap rate as is with one unit available providing a value add opportunity or to satisfy an owner user to occupy the 4,200 sq. ft. ocean view office. Within the first year, there's an opportunity to lease the one available space, update cam charges as leases come up for renewal and adjust rents at market rates to a 5% cap rate. Please see the attached supplements with the marketing brochure with a virtual tour and rent roll, APOD, traffic count and demographics.

SB23011325

MLSⓇ ID

January 19, 2023

Listed

August 31, 2023

Updated

Map

901 N Pacific Coast
Redondo Beach CA, 90277

Interior Features

Total Stories: 2
Laundry Description: None
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 1.15 acres
Lot Features: Corner Lot

Other Property Details

Area Name: 157 - S Redondo Bch W of PCH
Taxes: $55,403
Tax Frequency: Annually
Days on Market: 139
Garage: No
Parking: No
View: No
County: Los Angeles
Water Source: Public
Pool: No
Zoning: RBC3

Listing Contact: 310-378-9494

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/31/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/31/2023 at 2:12 AM UTC